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Public Act 102-0857


 

Public Act 0857 102ND GENERAL ASSEMBLY

  
  
  

 


 
Public Act 102-0857
 
SB3785 EnrolledLRB102 22518 RPS 31659 b

    AN ACT concerning public employee benefits.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Illinois Pension Code is amended by
changing Sections 3-110.10 and 7-139.14 as follows:
 
    (40 ILCS 5/3-110.10)
    Sec. 3-110.10. Transfer from Article 7. Until January 1,
2009, a person may transfer to a fund established under this
Article up to 8 years of creditable service accumulated under
Article 7 of this Code upon payment to the fund of an amount to
be determined by the board, equal to (i) the difference
between the amount of employee and employer contributions
transferred to the fund under Section 7-139.11 and the amounts
that would have been contributed had such contributions been
made at the rates applicable to an employee under this
Article, plus (ii) interest thereon at the actuarially assumed
rate, compounded annually, from the date of service to the
date of payment.
    No later than 6 months after July 23, 2021 (the effective
date of Public Act 102-113) this amendatory Act of the 102nd
General Assembly, a person may transfer to a fund established
under this Article creditable service accumulated under
Article 7 of this Code for service as a sheriff's law
enforcement employee, person employed by a participating
municipality to perform police duties, or law enforcement
officer employed on a full-time basis by a forest preserve
district upon payment to the fund of an amount to be determined
by the board, equal to (i) the difference between the amount of
employee and employer contributions transferred to the fund
under Section 7-139.14 and the amounts that would have been
contributed had such contributions been made at the rates
applicable to an employee under this Article, plus (ii)
interest thereon at the actuarially assumed rate, compounded
annually, from the date of service to the date of payment.
    No later than 6 months after the effective date of this
amendatory Act of the 102nd General Assembly, a person may
transfer to a fund established under this Article creditable
service accumulated under Article 7 of this Code for service
as a county correctional officer or as a person employed by a
participating municipality to perform administrative duties
related to law enforcement upon payment to the fund of an
amount to be determined by the board, equal to (i) the
difference between the amount of employee and employer
contributions transferred to the fund under Section 7-139.14
and the amounts that would have been contributed had such
contributions been made at the rates applicable to an employee
under this Article, plus (ii) interest thereon at the
actuarially assumed rate, compounded annually, from the date
of service to the date of payment.
(Source: P.A. 102-113, eff. 7-23-21.)
 
    (40 ILCS 5/7-139.14)
    Sec. 7-139.14. Transfer to Article 3 pension fund.
    (a) Within 6 months after July 23, 2021 (the effective
date of Public Act 102-113) this amendatory Act of the 102nd
General Assembly, an active member of a pension fund
established under Article 3 of this Code may apply for
transfer to that Article 3 pension fund of his or her credits
and creditable service accumulated in this Fund for service as
a sheriff's law enforcement employee, person employed by a
participating municipality to perform police duties, or law
enforcement officer employed on a full-time basis by a forest
preserve district. The creditable service shall be transferred
only upon payment by this Fund to such Article 3 pension fund
of an amount equal to:
        (1) the amounts accumulated to the credit of the
    applicant for the service to be transferred, including
    interest; and
        (2) an amount representing employer contributions,
    equal to the total amount determined under item (1); and
        (3) any interest paid by the applicant to reinstate
    such service.
    Within 6 months after the effective date of this
amendatory Act of the 102nd General Assembly, an active member
of a pension fund established under Article 3 of this Code may
apply for transfer to that Article 3 pension fund of his or her
credits and creditable service accumulated in this Fund for
service as a county correctional officer or as a person
employed by a participating municipality to perform
administrative duties related to law enforcement. The
creditable service shall be transferred only upon payment by
this Fund to such Article 3 pension fund of an amount equal to:
        (1) the amounts accumulated to the credit of the
    applicant for the service to be transferred, including
    interest; and
        (2) an amount representing employer contributions,
    equal to the total amount determined under item (1); and
        (3) any interest paid by the applicant to reinstate
    such service.
    Participation in this Fund as to any credits transferred
under this Section shall terminate on the date of transfer.
    (b) Notwithstanding any other provision of this Code, any
person applying to transfer service under this Section may
reinstate credits and creditable service terminated upon
receipt of a separation benefit by paying to the Fund the
amount of the separation benefit plus interest thereon at the
actuarially assumed rate of interest to the date of payment.
Such payment must be made within 90 days after notification by
the Fund of the cost of such reinstatement.
(Source: P.A. 102-113, eff. 7-23-21.)
 
    Section 90. The State Mandates Act is amended by adding
Section 8.46 as follows:
 
    (30 ILCS 805/8.46 new)
    Sec. 8.46. Exempt mandate. Notwithstanding Sections 6 and
8 of this Act, no reimbursement by the State is required for
the implementation of any mandate created by this amendatory
Act of the 102nd General Assembly.
 
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 5/13/2022